Gaurs Group redcues its debt by 35% in last three years
Real Estate

Gaurs Group redcues its debt by 35% in last three years

Gaurs Group has reduced its debt by 35% to Rs 1,550 crore in the last three years through improved cash flow from residential projects in Delhi National Capital Region (NCR).

Investment Information and Credit Rating Agency of India (ICRA) has awarded BBB+ with a stable outlook rating to Gaura Group. The company told the media that the up-gradation in the rating has reflected in debt reduction.

Chairman and Managing Director of Gaurs Group, Manoj Gaur, said that the rating is a sign of approval for the greatest security in terms of financial commitments.

He said that the company has delivered around 35,000 property units in the last five years.

Director of Gaurs Group, Sarthak Gaur, said that the company would be launching projects in Noida, Delhi and Ghaziabad, focusing on luxury housing.

Chief Financial officer of Gaurs Group, Vineet Singhal, told the media that the company had reduced debt to about Rs 1,550 crore from Rs 2,400 crore in the last two to three years.

He added that the company has receivables of nearly Rs 2,000 crore from sold properties, while the remaining construction cost is just Rs 400 crore. The company will reduce its debt by Rs 500 crore in nine months, while the outstanding loans are from banks and non-banking financial companies (NBFCs).

The rating takes into account the better-than-expected financial performance of the company, positive revenue growth, increased operating profits and improved profit margins.

Singhal said that the company is to acquire new projects through purchasing land parcels and joint development agreements (JDAs) to expand its business.

It is developing two new township projects in Greater Noida and Yamuna Expressway, Uttar Pradesh.

Image Source

Gaurs Group has reduced its debt by 35% to Rs 1,550 crore in the last three years through improved cash flow from residential projects in Delhi National Capital Region (NCR). Investment Information and Credit Rating Agency of India (ICRA) has awarded BBB+ with a stable outlook rating to Gaura Group. The company told the media that the up-gradation in the rating has reflected in debt reduction. Chairman and Managing Director of Gaurs Group, Manoj Gaur, said that the rating is a sign of approval for the greatest security in terms of financial commitments. He said that the company has delivered around 35,000 property units in the last five years. Director of Gaurs Group, Sarthak Gaur, said that the company would be launching projects in Noida, Delhi and Ghaziabad, focusing on luxury housing. Chief Financial officer of Gaurs Group, Vineet Singhal, told the media that the company had reduced debt to about Rs 1,550 crore from Rs 2,400 crore in the last two to three years. He added that the company has receivables of nearly Rs 2,000 crore from sold properties, while the remaining construction cost is just Rs 400 crore. The company will reduce its debt by Rs 500 crore in nine months, while the outstanding loans are from banks and non-banking financial companies (NBFCs). The rating takes into account the better-than-expected financial performance of the company, positive revenue growth, increased operating profits and improved profit margins. Singhal said that the company is to acquire new projects through purchasing land parcels and joint development agreements (JDAs) to expand its business. It is developing two new township projects in Greater Noida and Yamuna Expressway, Uttar Pradesh. Image Source

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement